CBD (cannabidiol) oil. (Photo: Shutterstock) CBD (cannabidiol) oil. (Photo: Shutterstock)

Since 2018, when Congress approved the planting of hemp in the U.S., hemp as a crop has surged by over 300%. According to the Department of Agriculture, growers seeded an estimated 142,691 acres in 2019. However, taking into consideration farmers who may not have reported complete data to the government, the number of total acres may be as high as 230,000, according to the advocacy group Vote Hemp.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.